SJVN Ltd has entered into an MoU with PTC India Ltd to collaborate on the development of products to supply round the clock (RTC) power.
On this occasion Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN and PTC India will jointly develop products for supply of renewable power from projects of SJVN bundled with available market capacity for supply of RTC power to beneficiaries.
PTC India will provide portfolio management services to SJVN. The primary objective of this MOU is to facilitate development of energy mix from renewable energy projects of SJVN for RTC power.
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Sharma also informed that in terms of the MoU, PTC will provide necessary market information in terms of availability of merchant power capacity from various sources. In addition to this PTC will also study, explore, prepare and submit detailed report regarding supply of power from proposed renewable energy projects of SJVN to potential beneficiaries across India.